Clifford Chance

Clifford Chance assists Quest Investment Partners on sale of Montoyer 34 companies

International law firm Clifford Chance has advised Quest Investment Partners, a leading European real estate project development and investment firm, on the sale of its Montoyer 34 companies to Alides.

The Clifford Chance Real Estate and Tax teams were led by Real Estate Partner Henri d’Ursel and Tax Partner Alexandre Ooms. They were assisted by Pieter De Bock and Stijn Van Walleghem.

Alexandre Ooms comments: “We have a longstanding relationship with Quest Investment Partners having advised our client on the tax, corporate and real estate aspects of both the acquisition as well as the operations of the companies since 2011. The deal reached by our client with Alides has proven the sound investment strategy and value creation over the past years.”

Quest Investment Partners managed the companies on behalf of its German Real Estate Fund Hesse Newman Real Estate Nr. 8.

The 12.394m2 office building held by the Montoyer 34 companies is located in the heart of the European Quarter in Brussels. The building was developed in 1993 by Atenor and later acquired by Cofinimmo. The building is fully leased to the European Commission, and it is envisaged that Alides will fully renovate it in consultation with all stakeholders and with special attention to sustainability and innovation within the framework of the European Green Deal.